698Notice of amendment or cancellation

698  Notice of amendment or cancellation  (1) The regulator must give written notice of the amendment or cancellation of an exemption, within 14 days after making the decision to amend or cancel the exemption, to:  (a) if a person applied for the exemption—the applicant; or  (b) if the regulator granted the exemption on its own initiative—each person (other than persons to whom subregulation (2) applies) to whom the exemption applies.  (2) A notice that affects a class of persons, or is granted under subregulation 689A(1), is a legislative instrument. Note: The amendment or cancellation takes effect in accordance with the Legislation Act 2003.  (3) An notice that affects one person is not a legislative instrument.  (4) An amendment or cancellation that affects one person takes effect on the giving of the notice to the applicant under subregulation (1) or on a later date specified in the notice. Part 11.3—Miscellaneous